Im Francine Lacqua. It is an extremely busy day. Lets get straight to the markets. We have the fomc meeting yesterday. The fallout from that and the fact that investors had to read price their expectations of a possible fed increase in june. A lot of the immersion marking currencies emergingmarket currencies are down. 0. 6 . Down travelf the focus is on stocks. A lot of the airlines the stocks are going down. News,we had that terrible egypt deploying naval ships to search for this egypt airbus. They went missing overnight. We have news that it may have crashed near one of the islands in greece. This has not been confirmed. Highlymeantime, i suggest if you are a bloomberg. Go to live gordha this is our uptotheminute blog. There is a press coverage an hour and a half from now. We keeping uptodate with the and the crisis meeting that france is having. Nejra the missing egypt air flight from paris to cairo reportedly crashed in egyptian airspace. A320 came down there a greek island. Commun
A very warm welcome to countdown. I am anna edwards. Manus i am manus cranny. There is a relief rally in the turkish lira. A tremendous level of volatility we have seen since the close of business on friday, a military coup attempt in turkey. If you want to understand volatility, this is it. The oneday move on friday, comingmazing pictures from turkey you saw the lira really take a hit. The market saw the biggest drop, turkish air dropping the most in eight years. We recouped some of those losses. Of question is the flight capital, will it continue, or erdogans grip on power convince investors . Goldman sachs say they have lowered their lira forecast. Anna its a country with a big current account deficit. That is why the flow of assets really matters for the company. The country. The government is trying to reassure investors internationally. We will see how stocks do. Wey analysts pointed out havent always seen a sustained hit to the turkish equity market postcoup. Market the ringgit,
On. Joe 20 out of 30 dow stocks falling. If you look at the s p, energy is the culprit. Consumer discretionary in the green today. Amanda Commodity Prices across the board suffering today. Oil falling below its 100 a moving average for the First Time Since april and that really did take the Energy Sectors down. Torlet are we moving on bonds . Amanda i think im going to start with the stock of the day and that is yahoo monday one of the most leaked transactions we have seen. A 4. 58 ilion dollar transaction. The question Going Forward for yahoo is this simply an arbitrage play and does it settle in and stay here . We were looking at the market value of this company once you strip out some pretty big assets, including its stake and alibaba and its market cap is around x billion dollars. Scarlet lets talk about another company active in active hours. Pandora looking to advise on Strategic Options as it looks to placate investors, shares down about. 6 . Andhedge fund had disclosed almost 1
Struggle overall in the market. Opec finally cut production, this has been two years coming. Why does that matter . Inflation expectations. On redeker laying it out and Morgan Stanley today saying you get more shale investment in the u. S. And that is why this decision matters. David particularly if the deal holds. If they actually do it. Alix if optimism moves the prices that will move Inflation Expectations. My interview with james morgan, Morgan Stanleys ceo ways in on the trouble at Deutsche Bank. We will be discussing geopolitical problems potentially weighing on the market. We have an interview with jack lew. Jonathan is standing by. We see a monster rally in Energy Stocks but futures are negative. Jonathan it is a strong bid for european equities. The ftse 100 up by one percentage point. The dax pushing higher by 7 10 of 1 . The risk on feel in the fx market with a weaker japanese trade. 1 is how we this commodity market is absolutely fascinating. A market, yes. A collision, a c
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